Are you struggling with cross-border transfers to NLB Bank's Skopje branch in North Macedonia, unsure how to correctly fill out the SWIFT code? This comprehensive guide will help you navigate international money transfers smoothly and avoid delays or returns due to incorrect information.
1. Key Information: NLB Bank Skopje Branch SWIFT Code
First and foremost, remember the primary SWIFT/BIC code for NLB Bank Skopje branch: TUTNMK22XXX . This code serves as the bank's unique identifier and is essential for international transfers. Ensure absolute accuracy when entering this code.
2. When to Use the Primary SWIFT Code
You might wonder when to use this primary SWIFT code. Here are the most common scenarios where TUTNMK22XXX is appropriate:
- International transfers to NLB Bank Skopje branch: This is the most frequent use case, ensuring your funds reach the recipient's account.
- Recipient hasn't provided specific branch code: If you only have the bank name without a specific branch SWIFT code, the primary code is generally safe.
- Bank processes payments centrally: Even with multiple branches, NLB Bank Skopje might process payments through its main office.
- Default widely-accepted code: When uncertain about which code to use, the primary code serves as a reliable default.
3. Branch-Specific Codes: For Greater Precision
While the primary code works in most cases, using branch-specific SWIFT codes might be more accurate. NLB Bank Skopje may have multiple local branches in North Macedonia, each with unique SWIFT codes. For faster and more precise transfers:
- Confirm with recipient: The most reliable method is to ask the recipient for their specific branch SWIFT code.
- Contact NLB Bank Skopje: If you can't reach the recipient, contact the bank directly for verification.
4. Understanding SWIFT Code Structure
To better understand SWIFT codes, here's a breakdown of TUTNMK22XXX :
- TUTN: Bank code (represents NLB Bank)
- MK: Country code (North Macedonia)
- 22: Location code (Skopje)
- XXX: Branch code (primary code typically uses XXX)
5. Avoiding Common Mistakes
When entering SWIFT codes, pay attention to these details to prevent errors:
- Case sensitivity: While typically case-insensitive, follow the exact format provided by the bank.
- Verify each character: Double-check every letter and number for accuracy.
- No special characters: SWIFT codes should not contain spaces or special characters.
6. Additional International Transfer Considerations
Beyond the SWIFT code, remember these important factors for international transfers:
- Recipient details: Ensure the recipient's name and account number match bank records exactly.
- Currency: Confirm which currencies the recipient can accept.
- Fees: Understand both sending and receiving banks' fee structures.
- Transfer purpose: Complete any required purpose of payment fields.
7. NLB Bank Skopje Branch Information
For your reference, here are the essential details for NLB Bank Skopje branch:
- Bank name: NLB BANKA AD SKOPJE
- SWIFT code: TUTNMK22XXX
- Address: MAJKA TEREZA 1
- City: SKOPJE
- Country: NORTH MACEDONIA
With this information, you can confidently execute cross-border transfers to NLB Bank Skopje branch, ensuring your funds reach their destination securely and efficiently.